XRP Surges Above $1.14 as Institutional Buying Builds Momentum

XRP rebounded sharply from last week's sell-off, reclaiming $1.14 and posting its strongest trading session in days with a notable volume surge. The cryptocurrency rose from $1.1080 to $1.1442, marking a 3.3% gain, as buyers pushed through resistance near $1.12, the highest trading volume seen in weeks.

This uptick is largely attributed to Ripple’s ongoing efforts to expand its regulated cross-border payment solutions on the XRP Ledger. A significant development is the launch of Bitso’s MXN-backed stablecoin, MXNB, which aims to improve on-chain dollar and peso liquidity for enterprise payment flows. This endeavor emphasizes the potential institutional use cases of the XRP Ledger's infrastructure.

Despite the recent bullish movement, traders remain cautious as XRP is still operating within a long-term downtrend that has persisted since the beginning of 2026. Analysts note that until XRP can break above the $1.20 to $1.25 resistance zone, its trend reversal remains uncertain. This resistance level has previously halted major recovery efforts throughout the year.

Looking ahead, $1.14 has become the initial support level following this breakout. Maintaining this support is crucial as it could set the stage for a move towards the $1.20-$1.25 resistance band. Observers highlight that a break above $1.25 could shift focus toward higher levels like $1.40 or even $1.50, indicating a more robust trend reversal.

In contrast, failure to sustain momentum near this resistance could reinforce the existing bearish trend, redirecting attention back to the $1.09 support area. Some analysts suggest that a further decline could test the possibility of a drop to $0.90 before establishing a more substantial bottom.

With the market in a precarious balance between short-term bullish enthusiasm and a prevailing long-term bearish structure, all eyes remain on XRP’s price action in the coming days.